Intel reports quarterly loss of $ 700 million, consumer division takes the biggest hit

Intel has released its past quarter and fiscal year financial results. As expected, the quarterly figures are not exactly rosy: turnover for the past three months is 32% lower than the same quarter in 2021, posting a net loss of $ 700 million. On an annual basis, a profit of USD 8 billion is recorded, a decrease of 60% compared to 2021. The disappointing results appear to be mainly caused by the poor performance of…